# Unusual Whales Subversive Democratic Trading ETF (NANC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nanc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Subversive · Asset class: Equity - Strategy: Actively Managed · Inception: 2023-02-06 This actively managed and diversified exchange-traded fund (ETF) aims to achieve its investment goals by primarily acquiring equity shares of publicly traded companies. The fund specifically targets corporations where current Democratic members of the U.S. Congress, or their immediate family members, have publicly disclosed investments. These disclosures are made by the Congresspersons themselves, in accordance with the requirements of the Stop Trading on Congressional Knowledge (STOCK) Act. ## Key Facts | Metric | Value | |---|---| | Price | $51.11 | | Expense Ratio | 0.72% | | Assets Under Management | $286.6M | | NAV | $50.72 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.19% | | Annual Distribution (TTM) | $0.10 /share | | Distribution Frequency | Annual | | 52-Week Range | $40.79 – $53.72 | | Beta | 1.13 | ## Latest Distribution - Amount: $0.0955 /share - Ex-date: 2025-12-26 - Pay date: 2025-12-29 ## Frequently Asked Questions ### What does NANC invest in? This actively managed and diversified exchange-traded fund (ETF) aims to achieve its investment goals by primarily acquiring equity shares of publicly traded companies. The fund specifically targets corporations where current Democratic members of the U.S. Congress, or their immediate family members, have publicly disclosed investments. These disclosures are made by the Congresspersons themselves, in accordance with the requirements of the Stop Trading on Congressional Knowledge (STOCK) Act. ### What is the expense ratio of NANC? Unusual Whales Subversive Democratic Trading ETF (NANC) charges an expense ratio of 0.72%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is NANC? Unusual Whales Subversive Democratic Trading ETF (NANC) manages $286.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is NANC actively managed or an index fund? NANC is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (NANC's is 0.72%) in exchange for the discretion to over- or under-weight positions. ### When was NANC launched? Unusual Whales Subversive Democratic Trading ETF (NANC) launched in February 2023 and is managed by Subversive. ### How has NANC performed? NANC's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does NANC pay a dividend? Unusual Whales Subversive Democratic Trading ETF (NANC) currently distributes little or no income. Trailing-twelve-month yield is 0.19%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does NANC pay dividends? Unusual Whales Subversive Democratic Trading ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is NANC's dividend yield? NANC's trailing-twelve-month yield is 0.19%, calculated from the sum of dividends over the past year divided by the current price. ### When is NANC's next ex-dividend date? The most recently announced ex-dividend date for NANC was 2025-12-26. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will NANC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.72% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NANC charge its expense ratio? The expense ratio is deducted in tiny daily slices from NANC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NANC cost more than a fund like VOO? NANC is actively managed (current expense ratio 0.72%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NANC's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NANC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NANC (0.72%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nanc - Distribution history: https://www.dividenddata.com/funds/nanc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nanc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nanc/expenses - Peer comparison: https://www.dividenddata.com/funds/nanc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.